EURUSD Forecast
The EURUSD attempted to push higher yesterday topped at 1.2537 but whipsawed to the downside and closed lower at 1.2393, printed a bearish pin bar as you can see on my daily chart below. Overall I remain bullish but the appearance of a bearish pin bar around 1.2500 level should not be underestimated. The bias is neutral in nearest term. Immediate support is seen around 1.2369 (current low). A clear break below that area could trigger further bearish pressure testing 1.2323 support area or lower. On the upside, we need a clear break above 1.2500/37 to resume the major bullish trend testing 1.2600 region.